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kaiser2742

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Credit card close
Hi, i have too many credit cards some of them i dont even use for so long time. so i would like to close some of my credit cards how do i do that? if i close my credit cards is it going to lower my credit score. I applied for a credit ard but the denied so i was wondering its because i have too many credit cards if i close some of them i can get some new. Please be advised. Thank you.

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credit card close

Yes, it will affect your credit. Especially if you close a lot fo your long time creditors. Usually this is only temporary and your score will go up. Another thing to be aware of is the fact of your debt to your credit. If you close some cards that will lower your credit, however your debt basically remains the same. The closer you are to your credit limit, the lower your score will go.

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